Western Asset Bond ETF (NASDAQ:WABF) Trading Down 0.2% – Here’s Why

Western Asset Bond ETF (NASDAQ:WABF) shares traded down 0.2% during mid-day trading on Wednesday . The company traded as low as $24.56 and last traded at $24.57. 1,253 shares were traded during trading, a decline of 16% from the average daily volume of 1,494 shares. The stock had previously closed at $24.61.

Western Asset Bond ETF Trading Down 0.2%

The company has a 50-day moving average price of $24.84 and a 200-day moving average price of $25.17.

Western Asset Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.1124 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Investors Weigh In On Western Asset Bond ETF

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 shares in the last quarter. Encompass More Asset Management boosted its position in shares of Western Asset Bond ETF by 2.4% during the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Landmark Wealth Management LLC boosted its position in shares of Western Asset Bond ETF by 6.3% during the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after purchasing an additional 8,612 shares in the last quarter.

Western Asset Bond ETF Company Profile

The Western Asset Bond ETF (WABF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a portfolio comprised of USD-denominated debt instruments and fixed income securities of various maturities, with limited exposure to high yield, emerging market debts, and structured securities. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.